jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and others said earlier today. listen. >> we're still waiting for the white house to identify what spends cuts the president is wig to makes a part of the balanced approach. where are the president's spending cuts? >> the president spent $1.8 trillion in 2001. last year three years later $3.6 trillion. by any measure of size of government has grown well beyond its means slightly increases the amount of revenues he is seeking from $1.6 trill